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Wasps downward spiral... (13 Viewers)

  • Thread starter CCFC54321
  • Start date Oct 20, 2018
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CCFC54321

Well-Known Member
  • Aug 19, 2022
  • #6,161

This one’s not the brightest is she?
 

Sky Blue Pete

Well-Known Member
  • Aug 19, 2022
  • #6,162
Ccfc have paid for the work I’m pretty sure they are expecting it to be covered in some way
 

Sick Boy

Super Moderator
  • Aug 19, 2022
  • #6,163
Is there a chance they could actually be bailed out?
 

duffer

Well-Known Member
  • Aug 19, 2022
  • #6,164
Sick Boy said:
Is there a chance they could actually be bailed out?
Click to expand...

That they'd even still be considering bailing out a failing sports franchise whilst actively reducing support to those who need it most, is ridiculous.

Council defends summer holiday food voucher cuts for Coventry's poorest children

Kids on free school meals got a fifth less this year
www.coventrytelegraph.net

Coventry City Council is not fit for purpose and Kevin Maton disgraces the office he holds.

Wasps are obviously in deep financial mire. The only reason for offering them any financial support is because their failure might embarrass those who enabled their move to the City. It's political cowardice of the very worst kind.
 
Reactions: RegTheDonk, Sick Boy, Earlsdon_Skyblue1 and 13 others

Kneeza

Well-Known Member
  • Aug 19, 2022
  • #6,165
shepardo01 said:
Also, I have a feeling that if admin is on the horizon, they may start the season before they try to squirm out of debts/bond (hence kicking down the road) as if they do, apparently the "rugby" punishment of demotion cannot be applied once the season starts (think Kneeza posted that).....
Click to expand...
Not me, no. I may have commented about the fact that they could be docked many, many points (as Sarries were a couple of seasons ago) but not be relegated due to the current moratorium on it.
However, if the RFU were to regrow the bollocks it once had when they sent Richmond and London Scottish, and later, Rugby Lions and London Welsh to the bottom of the pond for financial miscreance, then maybe it could happen.
This of course relies on the RFU both having the stones and the will to drop one of its favourite children - so very unlikely. The other clubs were seen as hindrances. Wasps seem to be part of the unimpeachable golden family.
 
Reactions: duffer

MalcSB

Well-Known Member
  • Aug 19, 2022
  • #6,166
Kneeza said:
Not me, no. I may have commented about the fact that they could be docked many, many points (as Sarries were a couple of seasons ago) but not be relegated due to the current moratorium on it.
However, if the RFU were to regrow the bollocks it once had when they sent Richmond and London Scottish, and later, Rugby Lions and London Welsh to the bottom of the pond for financial miscreance, then maybe it could happen.
This of course relies on the RFU both having the stones and the will to drop one of its favourite children - so very unlikely. The other clubs were seen as hindrances. Wasps seem to be part of the unimpeachable golden family.
Click to expand...
I think the points deduction would be 35 at least. I am not sure that relegation for financial impropriety can be entirely ruled out in these particular circumstances. It is still a sanction in RFU regulations and would address the issue the Premiership has in that their are 13 teams, not 12, in that league. When such a sanction could apply depends on when an insolvency event occurs. They have already pushed it back beyond release of the fixtures and will almost certainly have pushed it beyond the first match of the season, two key dates unless it can be shown they have manipulated things.
 
Reactions: Hiraeth
N

napolimp

Well-Known Member
  • Aug 19, 2022
  • #6,167
Kneeza said:
Not me, no. I may have commented about the fact that they could be docked many, many points (as Sarries were a couple of seasons ago) but not be relegated due to the current moratorium on it.
However, if the RFU were to regrow the bollocks it once had when they sent Richmond and London Scottish, and later, Rugby Lions and London Welsh to the bottom of the pond for financial miscreance, then maybe it could happen.
This of course relies on the RFU both having the stones and the will to drop one of its favourite children - so very unlikely. The other clubs were seen as hindrances. Wasps seem to be part of the unimpeachable golden family.
Click to expand...

Absolutely. I remember how badly the RFU had it in for Welsh, they did not want them up there. It was almost like everyone was looking down upon them, and there was that whole thing with the stadium.
 
Reactions: duffer

shepardo01

Well-Known Member
  • Aug 19, 2022
  • #6,168
Here's their reply on the non payment of tax. (Couresty of Bobby)
One comment sticks out... "robust business model"!
 

Nick

Administrator
  • Aug 19, 2022
  • #6,169
Least Bobby is working on the PR.

Haven't they been saying all of that about concerts etc since they moved here?
 

Grendel

Well-Known Member
  • Aug 19, 2022
  • #6,170
shepardo01 said:
Here's their reply on the non payment of tax. (Couresty of Bobby)
One comment sticks out... "robust business model"!
Click to expand...

Guess they won’t need the grant anymore then
 
Reactions: djr8369, Terry Gibson's perm, AOM and 3 others

Frostie

Well-Known Member
  • Aug 19, 2022
  • #6,171
alexccfc99 said:

This is spot on

There’s no way Wasps can pin this as ‘SISU lies and mind games’

This is about as serious as it can get for them
Click to expand...

This response is probably pretty close to the mark too

 
Reactions: Sick Boy, vow, duffer and 2 others

AOM

Well-Known Member
  • Aug 19, 2022
  • #6,172
“We have a robust business model with a busier than ever order book for concerts, conferences, exhibitions and other events which will see us prosper into the future”

As long as you don't need them to maintain or properly prepare it in time for you...
 
Reactions: duffer, clint van damme and Nick

shepardo01

Well-Known Member
  • Aug 19, 2022
  • #6,173
Frostie said:
This response is probably pretty close to the mark too

Click to expand...
Only thing is, they have a new set of "fans" who are in powerful and influential positions.... unfortunately, it is all about them....
 
Reactions: Frostie

chiefdave

Well-Known Member
  • Aug 19, 2022
  • #6,174
AOM said:
“We have a robust business model with a busier than ever order book for concerts, conferences, exhibitions and other events which will see us prosper into the future”

As long as you don't need them to maintain or properly prepare it in time for you...
Click to expand...
How many times are they going to try this rubbish. Every few months we hear about how the arena is busier than ever and record breaking amounts of business but they still lose millions.

Not sure there's a single concert currently scheduled is there so that parts bollocks to start off with.
 
Reactions: Bertola, duffer and AOM
B

Brighton Sky Blue

Well-Known Member
  • Aug 19, 2022
  • #6,175
chiefdave said:
How many times are they going to try this rubbish. Every few months we hear about how the arena is busier than ever and record breaking amounts of business but they still lose millions.

Not sure there's a single concert currently scheduled is there so that parts bollocks to start off with.
Click to expand...

Indeed

Live Events — Coventry Building Society Arena

www.coventrybuildingsocietyarena.co.uk
 
Reactions: CCFC54321 and AOM
C

CCFC54321

Well-Known Member
  • Aug 19, 2022
  • #6,176
shepardo01 said:
Here's their reply on the non payment of tax. (Couresty of Bobby)
One comment sticks out... "robust business model"!
Click to expand...
This is bat shit crazy talk from London wasps….
 

Nick

Administrator
  • Aug 19, 2022
  • #6,177
CCFC54321 said:
This is bat shit crazy talk from London wasps….
Click to expand...

Thing is, it just gets copied and pasted from Bridge with zero challenge.
 

chiefdave

Well-Known Member
  • Aug 19, 2022
  • #6,178
Brighton Sky Blue said:
Indeed

Live Events — Coventry Building Society Arena

www.coventrybuildingsocietyarena.co.uk
Click to expand...
Christmas bingo though, don't know why anyone is worried that will be a huge money spinner. The events seem increasingly like events you get in your local town hall or uni rather than an exhibition space, things like job fairs. The order book looks pretty empty looking at that.
 

Nick

Administrator
  • Aug 19, 2022
  • #6,179
chiefdave said:
Christmas bingo though, don't know why anyone is worried that will be a huge money spinner. The events seem increasingly like events you get in your local town hall or uni rather than an exhibition space, things like job fairs. The order book looks pretty empty looking at that.
Click to expand...

Yes but that will appease Wasps fans as they won't actually want to fact check.

The other week I had somebody telling me that the arena it's self makes a fortune.
 

shepardo01

Well-Known Member
  • Aug 19, 2022
  • #6,180
Lieing in their filed accounts now!!??

 
Reactions: duffer

Nick

Administrator
  • Aug 19, 2022
  • #6,181
shepardo01 said:
Lieing in their filed accounts now!!??

Click to expand...

Not the first time

INVESTIGATION: Wasps fail to come clean with public over ‘falsified evidence’ and ‘overriding’ management controls to falsify accounts

WASPS are refusing to come clean publicly after last week's astonishing revelations from auditors PwC that
coventryobserver.co.uk
 
Reactions: duffer

steveo1987

Well-Known Member
  • Aug 19, 2022
  • #6,182
shepardo01 said:
Only thing is, they have a new set of "fans" who are in powerful and influential positions.... unfortunately, it is all about them....
Click to expand...
Isn't this guy one of the ones who was behind all the parody accounts? Part of the trust or involved in the council (parodies) lot who were posting some weird stuff?
 

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Nick

Administrator
  • Aug 19, 2022
  • #6,183
He certainly pops up when needed.

Same pattern as the others, vanishes, rarely says much then over drive for wasps.
 
Reactions: steveo1987

steveo1987

Well-Known Member
  • Aug 19, 2022
  • #6,184
Nick said:
He certainly pops up when needed.

Same pattern as the others, vanishes, rarely says much then over drive for wasps.
Click to expand...
Another one on twitter with some extremely bizarre rants, all pro wasps.
 

Nick

Administrator
  • Aug 19, 2022
  • #6,185
steveo1987 said:
Another one on twitter with some extremely bizarre rants, all pro wasps.
Click to expand...
If you look at their posting history, they seem to pipe down for months then just appear in over drive when anything negative comes out about wasps.
 
Reactions: AOM, ccfcchris and steveo1987

LastGarrison

Well-Known Member
  • Aug 19, 2022
  • #6,186
steveo1987 said:
Isn't this guy one of the ones who was behind all the parody accounts? Part of the trust or involved in the council (parodies) lot who were posting some weird stuff?
Click to expand...
Looking at his Insta, I've got numerous friends in common, including a poster on here , so don't think he's some dodgy council/Wasps burner account.

Think it's just a Bulkington thing.
 
Reactions: Deleted member 5849

steveo1987

Well-Known Member
  • Aug 19, 2022
  • #6,187
LastGarrison said:
Looking at his Insta, I've got numerous friends in common, including a poster on here , so don't think he's some dodgy council/Wasps burner account.

Think it's just a Bulkington thing.
Click to expand...
He does have history
 

clint van damme

Well-Known Member
  • Aug 19, 2022
  • #6,188
shepardo01 said:
Lieing in their filed accounts now!!??

Click to expand...

There's probably some big corporation does it so its fine.
 

fernandopartridge

Well-Known Member
  • Aug 19, 2022
  • #6,189
HuckerbyDublinWhelan said:
Who’s Chris Hatfield? He’s always defending Wasps… blatantly been bought with a free kit and flag
Click to expand...

I know Hatty, he's a nice lad but for whatever reason loves the Wasps, worth a wind up on Twitter.
 

Terry Gibson's perm

Well-Known Member
  • Aug 19, 2022
  • #6,190
Typical bridge story quick look at Worcester they are same all deflection and bollocks.
 

Gynnsthetonic

Well-Known Member
  • Aug 19, 2022
  • #6,191
HuckerbyDublinWhelan said:
Who’s Chris Hatfield? He’s always defending Wasps… blatantly been bought with a free kit and flag
Click to expand...
Almost an anagram of Italiahorse
 
Reactions: RegTheDonk and clint van damme

shepardo01

Well-Known Member
  • Aug 19, 2022
  • #6,192
Update - new shop to open in new atrium- kit to be announced.....
Can't comment on financials (is bailout coming!?)
 
P

Peter Billing Eyes

Well-Known Member
  • Aug 19, 2022
  • #6,193
So they can afford a new club shop but not a playing surface. ****ing scandalous.
 
Reactions: djr8369 and clint van damme

shepardo01

Well-Known Member
  • Aug 19, 2022
  • #6,194
Peter Billing Eyes said:
So they can afford a new club shop but not a playing surface. ****ing scandalous.
Click to expand...
Got a feeling the grant for the "new atruim" (porch) may well have paid for the shop..... whilst probably some of the millions have also found their way into the debt black hole....
 

SHUNT31

Well-Known Member
  • Aug 19, 2022
  • #6,195
The new CCFC shop will look lovely in there in about a years time


Sent from my iPhone using Tapatalk
 
Reactions: Terry Gibson's perm and vow
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